{
  "id": 16436497,
  "title": "Around 1m workers to benefit from MPF Full Portability",
  "url": "https://urgent.news/2026/10/25/around-1m-workers-to-benefit-from-mpf-full-portability-16436497",
  "topic": "world",
  "section": "World",
  "published": "2026-10-25T05:26:46.000Z",
  "source": {
    "name": "RTHK News",
    "slug": "rthk-news",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1875243-20261025.htm"
  },
  "original_language": "en",
  "account": "Around one million workers will benefit from a new arrangement that allows them to transfer both their own and their employer's mandatory contributions to an MPF scheme of their choice annually, according to the Mandatory Provident Fund Schemes Authority (MPFA). The full portability scheme begins on December 21, 2024. Eligible employees are those who started working or changed jobs on or after May 1, 2025 - the day the MPF offsetting arrangement was scrapped. MPFA Chairman Ayesha Lau said the scheme would give people more control over their MPF funds and encourage proactive retirement planning. She anticipates the number of beneficiaries to grow as more graduates join the workforce and employees switch jobs. However, for workers who began their current jobs before May 2025, additional legislative changes may be needed to address the impact of their employer's mandatory contributions on long service payments or severance payments. Transfers for 2026 can be made between December 21 and 31, while 2027 transfers commence on January 1. Lau emphasized that existing employer arrangements will remain unchanged, and urged workers to avoid frequent transfers simply for the sake of it, as the MPF is a long-term investment.",
  "summary": "Around one million workers are set to benefit from an upcoming arrangement that allows employees to transfer not only their own mandatory contributions, but also their employer’s, to an MPF scheme of their choice once every calendar year, the Mandatory Provident Fund Schemes Authority (MPFA) said on Sunday. Phase one of the MPF Full Portability scheme is set to begin on December 21. Employees who…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}